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Asset Management

Asset management helps the City manage our infrastructure assets and make better investment decisions. It also helps reduce risk so we can provide reliable and affordable services for our residents.

To make good decisions, we need good data. We also need to know how the City may grow over time and what levels of service our residents expect from the infrastructure we operate, maintain, replace and repair. This information allows us to efficiently manage our infrastructure assets to meet the service needs of the present without compromising our ability to meet the service needs of the future.

Strategic Asset Management Policy

The Strategic Asset Management Policy outlines the requirements, overall intentions/principles and the framework that the City will follow when creating Asset Management Plans. The policy will guide the asset management process going forward and help embed asset management principles into ongoing capital, operations and maintenance activities.

Asset Management Plans

Asset Management Plans (AMPs) consolidate the data and information we need to make effective decisions about our infrastructure assets.

The City has completed and published two asset management plans. The 2017 Asset Management Plan expanded on the 2013 Asset Management Plan to include Parks and Recreation, Tourism and Sanderson Centre Assets. The 2017 plan does not include assets obtained through the January 1, 2017 boundary expansion.

Value of Assets

Not all City departments and Local Boards are currently included in the Asset Management Plan. This will change going forward as the City works to meet the requirements of Ontario Regulation 588/17.

What assets are currently included in the Asset Management Plan?

The 2017 Asset Management Plan includes the following asset categories:

Airport

Bridges, Retaining Walls and Culverts – Public Works

Brownfield Infrastructure

Cemeteries

Corporate Fleet

Golf Courses

Parks

Public Works and Administrative Facilities

Recreation

Road Network

Sanderson Centre

Sidewalks

Social Housing

Solid Waste and Landfill

Stormwater Collection

Stormwater Facilities

Tourism

Transit

Transportation

Wastewater Collection

Wastewater Facilities

Water Distribution

Water Facilities

What is the new Ontario Regulation 588/17?

In May 2016, the Infrastructure for Jobs and Prosperity Act, 2015 was proclaimed; granting the Province of Ontario the authority to regulate municipal asset management planning. In early 2017, the Ontario Ministry of Infrastructure introduced a proposed municipal asset management planning regulation and opened it for comment through the Environmental Registry. City comments on the proposed regulation were summarized in Council Report PW2017-067.The proposed regulation was amended and proclaimed on December 31, 2017.

The City is now working to fulfill the requirements of the regulation. The first deadline has been met with the creation and Council adoption of a Strategic Asset Management Policy. The next deadline is the creation, and Council acceptance, of an Asset Management Plan for core assets, meeting the criteria of the regulation by July 1, 2021. Core assets include water, wastewater, stormwater, road, bridge and culvert assets.